MAY 17 GOLD PREMIUM UPDATE

The currency war is hitting again, with Australia, New Zealand, Sweden and Israel joining the theater, as the smaller economies react to the quantitative easing of large economies. This week we also look at the latest World Gold Council Gold Demand Trends report showing that the gold market is driven by diverse global demand, and the appetite for owning gold jewelry, bars and coins continues to grow. But will the prices follow? In the latest Premium Update we focus on the following factors:

• Crude oil os closing to the major resistance line for the third time this year
• Gold to bonds ratio back below the 50% retracement level
• Gold's recent decline reveals its shape - the reversed parabola - how low and how fast can gold decline?
• No true underperformance of silver to gold has been seen recently - implications thereof going forward
• Trading plan for the coming weeks, detailed suggestions regarding trades in gold, silver and mining stocks - including stop-loss levels
• Long-term investment suggestions: stay in or stay out?

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